August 07, 2024
MoneyLion Continues to Play Winning Hand With Middle-Income Americans
The MoneyLion business model pivot continues. A year after posting substantial losses as a neobank, the financial services portal rode its new business model to a second straight profitable quarter...
August 06, 2024
Fed Data Shows 9.1% of Credit Card Balances Hit Delinquency...
Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit cards, on new auto loans...
August 04, 2024
Bilt Valued at $3.2 Billion as Rewards Program Grows
Loyalty rewards platform Bilt is valued at $3.2 billion after a new funding round. The company raised $150 million from a round led by the Ontario Teachers’ Pension Plan, Bilt...
July 29, 2024
Consumer Spending Remains Strong Despite Elevated Inflation
Consumer spending has remained strong despite elevated inflation, surprising many economists. However, there are concerns about credit card delinquencies and lenders’ net charge-offs, which could indicate whether consumers can keep...
July 26, 2024
They Said That: Notable Quotables From the Week of July...
It was a week that saw a presidential campaign end, the Summer Olympics begin and the start of banking and payments earnings season. We were focused on our usual insightful...
July 25, 2024
Bot? Fraudster? New Technology Finds Legit Users Without Compromising User...
The most sustainable and effective business successes frequently come from striking the right balances. And one of the more challenging balances for businesses to strike is between a robust and...
July 24, 2024
Prósperos Launches Mobile Financial Platform for Spanish-Speaking Consumers in US
Prósperos has announced the general availability of its mobile financial platform designed for Spanish-speaking consumers in the United States and their families in Latin America. The platform enables low-cost, fast and...
July 22, 2024
Truist Says Digital Onboarding Key to 42% Deposit Growth
Across today’s banking landscape, the phrase “higher for longer” isn’t just being applied to interest rate commentary. According to executives on Truist Financial Corporation’s second-quarter 2024 earnings call Monday (July...
July 19, 2024
Regions Financial: Business Lending ‘Pipelines Are Beginning to Rebuild’
Regions Financial saw average loans remain stable during the second quarter, with some signs that demand for business loans may pick up. Average balances for total loans were down 0.1%...
